Meridian Bancorp, Inc. company info

CIK 1600125
IRS Number 000000000
State of incorporation MD
Business address 10 MERIDIAN STREET
None
EAST BOSTON
MA
02128
Mail address 10 MERIDIAN STREET
None
EAST BOSTON
MA
02128

Short summary

Meridian Bancorp, Inc. is a Massachusetts company, with head office located at 10 Meridian Street East Boston, Massachusetts 02128. The company achieved a record breaking net income last year - 55.77 million USD. This is 29.87% higher than one reported in 2017. In 2018 the company owned a total of 6.28 billion USD worth of assets. An analysis of the recent trend shows a steady growth of company assets, with a 10.63% growth from the last year and a 175.65% increase in the 6 year period.

Meridian Bancorp, Inc. Income Statement

Name [in Millions USD]201020112012201320142015201620172018Trends
Operating Income (Loss) -0.32-0.21-0.13-0.14-0.02
Interest expense 20.9718.9520.1420.5120.4527.1438.9163.24
Income Tax Expense (Benefit) 6.606.338.0711.1511.9717.8833.4915.02
Net income 11.9712.4315.4322.3324.6134.1942.9555.77

Meridian Bancorp, Inc. Balance Sheet

Name [in Millions USD]201020112012201320142015201620172018Trends
Cash and cash equivalents 155.49156.69143.50367.82176.65101.74234.78329.59344.26
Property, Plant and Equipment, Gross 59.5162.4363.8267.9972.0974.6281.90
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 20.7923.0025.3027.7430.6733.6536.76
Goodwill 13.6913.6913.6913.6913.6919.6420.38
Total assets 2,278.773,055.933,302.263,929.084,787.415,677.596,281.36
Long-term Debt 161.25211.34140.82320.62434.02591.66525.99
Total liabilities 2,044.832,793.992,713.663,342.424,160.695,012.925,594.97
Common Stock, Value, Issued 0.550.540.540.540.54
Retained Earnings (Accumulated Deficit) 146.96172.66196.71216.54250.80289.95325.02
Accumulated Other Comprehensive Income (Loss), Net of Tax 4.925.490.360.101.91-0.70-0.16

Meridian Bancorp, Inc. Cash Flow

Name [in Millions USD]201020112012201320142015201620172018Trends
Net income 11.9712.4315.4322.3324.6134.1942.9555.77
Depreciation and amortization 2.302.132.292.392.523.003.072.89
Deferred Income Tax Expense (Benefit) 0.61-2.78-3.22-1.26-2.36-2.826.82-2.62
Net Cash Provided by (Used in) Operating Activities 33.083.2527.9244.0150.4371.04
Payments to Acquire Property, Plant, and Equipment 4.783.772.921.394.184.101.216.98
Payments to Acquire Businesses, Net of Cash Acquired 2.01
Net Cash Provided by (Used in) Investing Activities -156.10-356.99-417.67-767.95-597.94-918.11
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -356.99-417.67-470.81-361.34-767.95-597.94
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 1.081.171.170.300.361.231.411.71
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 1.081.171.170.300.361.231.411.71
Proceeds from Issuance of Common Stock 302.28
Payments for Repurchase of Common Stock 5.201.161.709.4318.8020.40
Payments of Ordinary Dividends, Common Stock 1.466.157.6610.30
Net Cash Provided by (Used in) Financing Activities 124.21290.25382.83864.00713.78816.38
Cash and Cash Equivalents, Period Increase (Decrease) 1.19-63.49-6.92119.46-109.37140.06166.26-30.69